Gladney Taiwan Adoption: The Adoption Tax Credit Instructions

Monday, March 4, 2013

The Adoption Tax Credit Instructions

The IRS has released the instructions for 2012 Form 8839. Form 8839 is necessary to file for the adoption tax credit, and the instructions contain a worksheet for taxpayers to calculate how much of the credit they will get with their 2012 taxes (with the rest of the credit carrying forward to future years). For the instructions click here.

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LEGISLATIVE UPDATE May 2012

The child welfare laws of Taiwan are undergoing significant revisions. New legislation, “Protection of Children and Youths Welfare and Rights Act,” was passed in November 2011. The legislation has an implementation date of June 1, 2012 and addresses various aspects of child welfare including adoption services.

Expected changes include:
Only government-licensed child welfare organizations will be able to provide adoption services. Child Welfare organizations will be subject to increased requirements and standards in terms of initial licensing and renewals, as well as ongoing agency procedures and services.

Judges will be authorized to require that adoptive parents receive parent training, physical and mental health assessments, alcohol and drug screenings, and/or criminal background clearances.

Domestic placement will be considered a priority, with international adoption becoming an option after efforts have been made to place the child with a local family. All adoptable children will be listed on a country-wide database. After being posted on the database, a child is eligible to be considered for international adoption.